Renting on a $45K Salary in Top American Cities | Houses For Sale In Herndon Va

Renting on a $45K Salary in Top American CitiesRenters in Dallas, Los Angeles, and Denver find out what they can afford.

When we posted this article about the New York, Chicago, and Atlanta apartments you can rent on a $50,000 salary, the response was immediate. Comments came pouring in. After the buzz that article generated, we felt compelled to continue our research about the kinds of apartments you can find if you earn the mean American wage (as reported Bureau of Labor Statistics in May 2016).

When we posted this article about the New York, Chicago, and Atlanta apartments you can rent on a $50,000 salary, the response was immediate. Comments came pouring in. After the buzz that article generated, we felt compelled to continue our research about the kinds of apartments you can find if you earn the mean American wage (as reported Bureau of Labor Statistics in May 2016).

To test our mettle, we challenged ourselves to find apartments in Dallas, Denver, and Los Angeles for $5,000 under the mean salary. We crunched numbers in Dallas and Denver, we assumed that you’d pay 30% of your annual $45,000 income on rent, or $1,125 a month. For Los Angeles rentals, we bumped the percentage to 40% of your annual gross income. Considering that many Angelenos pay more of their salary on rent, their monthly budget is $1,500.

While it isn’t easy to find gems at this price in every market, they’re out there. Here are some examples that confirm it’s possible to find a space of your own without having to eat ramen noodles every night to live there.

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